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Neo Ivy Capital Management Acquires 15,493 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

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Key Points

  • Neo Ivy Capital Management increased its stake in PayPal by 92%, acquiring an additional 15,493 shares, bringing their total ownership to 32,326 shares valued at approximately $2.1 million.
  • Insiders, including Suzan Kereere and Deborah M. Messemer, sold a combined total of 7,957 shares of PayPal, indicating a decrease in their positions by 7.91% and 21.36%, respectively.
  • Wall Street analysts have mixed ratings on PayPal, with a consensus rating of "Hold" and an average price target of $83.13, while individual target prices have been reduced by firms such as UBS and Wells Fargo.
  • Five stocks we like better than PayPal.
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Neo Ivy Capital Management raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 92.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,326 shares of the credit services provider's stock after purchasing an additional 15,493 shares during the quarter. Neo Ivy Capital Management's holdings in PayPal were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Security National Bank of SO Dak raised its holdings in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after purchasing an additional 137 shares in the last quarter. Cohen & Steers Inc. raised its holdings in PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after purchasing an additional 145 shares in the last quarter. Redwood Financial Network Corp boosted its holdings in PayPal by 4.8% during the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock worth $274,000 after buying an additional 147 shares in the last quarter. DMC Group LLC boosted its holdings in PayPal by 2.0% during the first quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock worth $519,000 after buying an additional 155 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC boosted its holdings in PayPal by 4.5% during the first quarter. Bryn Mawr Capital Management LLC now owns 3,590 shares of the credit services provider's stock worth $234,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PYPL. UBS Group reduced their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company reduced their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of PayPal in a research note on Thursday, July 17th. They issued a "hold" rating and a $75.00 price objective for the company. Robert W. Baird raised their price objective on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Macquarie decreased their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.13.

Get Our Latest Report on PYPL

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.16 on Friday, hitting $77.98. 6,882,061 shares of the company were exchanged, compared to its average volume of 8,787,694. The company's 50 day moving average price is $73.19 and its two-hundred day moving average price is $72.93. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $75.84 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.28 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm's revenue was up 1.2% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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